“The blockchain supply chain market is expected to grow at a CAGR of 87.0% during the forecast period”

MarketsandMarkets forecasts the global blockchain supply chain market to grow from USD 145.0 million in 2018 to USD 3,314.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 87.0% during the forecast period. Main growth factors for the market include an increasing need for supply chain transparency and rising demand for enhanced security of supply chain transactions. However, lack of awareness of the blockchain technology and uncertain regulatory status and standards are expected to limit the market growth.

“The product trace ability application segment is estimated to have the largest market size in 2018”

The product trace ability segment is estimated to hold the largest market size in 2018. By tracing and recording the product status at every stage of supply chain, the blockchain technology enables retailers and manufacturers to showcase the authenticity of the products to their consumers. Hence, product trace ability application is rapidly being adopted across numerous verticals.

“Among industry verticals, the health care and life sciences vertical is expected to record grow that the highest rate during the forecast period”

The health care and life sciences vertical is expected to grow at the highest CAGR during the forecast period, as blockchain supply chain offerings enable healthcare and pharmaceutical companies to reduce the illegal activities, such as illegal production of harmful medicines and counterfeit drugs, by criminal enterprises, improper stock control, and lack of visibility and transparency across the supply chain.

“North America is expected to account for the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period”

North America is estimated to have the largest market size in 2018 followed by Europe, owing to technology developments in these regions. North America is an early adopter of emerging technologies. Being a hub for innovations, combined with its developed capital markets and financial setup, North America presents significant growth opportunities for blockchain supply chain vendors to expand their presence. The adoption of blockchain supply chain offerings is expected to increase in APAC and Latin America. Globalization and the developing economies in these regions are expected to drive the adoption of blockchain supply chain tools and services.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the blockchain supply chain market.

The global blockchain supply chain market is segmented on the basis of providers, applications, industry verticals, and regions. The scope of the report is to cover detailed information related to the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the blockchain supply chain market. A detailed analysis of the key industry players has been accomplished to provide insights into their business overviews, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, and collaborations, and other developments associated with the blockchain supply chain market.

Reasons to buy the report:

The report would help the market leaders/new entrants in the market in the following ways:

The report segments the global blockchain supply chain market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments .The market numbers are further split across different industries and regions.

The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

This report would help stakeholders better understand their competitors and gain more insights for improving their business positions. There is a separate section on the competitive landscape that includes competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of over 25 players who offer blockchain supply solutions in this market. In this section, market internals are provided that can place stakeholders ahead of their competitors.

9 Market By Region9.1 Introduction9.2 North America9.2.1 By Provider9.2.2 By Application9.2.3 By Industry Vertical9.2.4 By Country9.2.4.1 United States9.2.4.2 Canada9.3 Europe9.3.1 By Provider9.3.2 By Application9.3.3 By Industry Vertical9.3.4 By Country9.3.4.1 United Kingdom9.3.4.2 Germany9.3.4.3 Rest of Europe9.4 Asia Pacific9.4.1 By Provider9.4.2 By Application9.4.3 By Industry Vertical9.4.4 By Country9.4.4.1 India9.4.4.2 Singapore9.4.4.3 China9.4.4.4 Rest of Asia Pacific9.5 Latin America9.5.1 By Provider9.5.2 By Application9.5.3 By Industry Vertical9.5.4 By Country9.5.4.1 Brazil9.5.4.2 Mexico9.5.4.3 Rest of Latin America9.6 Middle East and Africa9.6.1 By Provider9.6.2 By Application9.6.3 By Industry Vertical9.6.4 Country9.6.4.1 Middle East9.6.4.2 Africa

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